5 Bedroom properties in "BN2" are mostly listed between £2,340 - £2,925. There is limited data on listings in proximity to this property.
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Description
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Last Updated: 26th April 2024
Description
A substantial freehold residential investment comprising six self-contained flats. Three of the flats are currently vacant with three flats let on AST's. The building requires some modernisation but presents an opportunity for a quality income producing investment once the flats are fully let, or the option of breaking up the building and selling the flats off individually. The property is situated in a popular location between the busy shops, cafes and restaurants of St Georges Road and the newly developed Sea Lanes on Brighton seafront. Further details for the two tenanted flats can be provided on request.
Agent Details
Nicholas James
8 The Drive, Hove, East Sussex, BN3 3JT
Investment Analysis
Annual Rent:
£35,040
Annual Mortgage Interest:
£15,000
Annual Costs:
£1,300
Net Profit:
£18,740
ROCI:
7%
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